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203 Garfield Ave 6 Unit Apartment Building $1,854,127 CAD ($309,021 CAD/Unit) 7.35% Cap Rate Jersey City, NJ 07305
Investment Highlights
- Fully Gut Renovated Opportunity
- 3 Parking Spots (that can charge for in the future)
- Less than 40 minutes to New York City
- All new electric, plumbing, roof, boilers & hot water heater
- New Boilers & Water Heaters within the Last Five Years
- Landlord pays for common area electric, sewer & water
Executive Summary
Broker of Record
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
(866) 889-0550
Property Facts
| Price | $1,854,127 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $309,021 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.35% | Building Size | 3,975 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,854,127 CAD |
| Price Per Unit | $309,021 CAD |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,975 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (72)
Property Taxes
| Parcel Number | 06-29401-0000-00027 | Improvements Assessment | $1,140,301 CAD |
| Land Assessment | $238,985 CAD | Total Assessment | $1,199,160 CAD |
Property Taxes
Parcel Number
06-29401-0000-00027
Land Assessment
$238,985 CAD
Improvements Assessment
$1,140,301 CAD
Total Assessment
$1,199,160 CAD
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203 Garfield Ave
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